Which of the following issues is faced by application service providers (ASPs)?
a. Lack of portability c. Compatibility issues
b. Inflexibility d. Privacy issues
D
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During the approach, a salesperson following Core Principles should:
A. use the showmanship approach. B. eliminate distractions for the prospect. C. implement creative imagery. D. focus on the needs of the prospect. E. ask the prospect direct questions.
The Flash Fund owns 4,000 of GM and 8,000 shares of Microsoft. GM's price is $20 and Microsoft's is $25. If the fund has 5,000 shares outstanding, its NAV per share is
A) $90.00. B) $93.33. C) $66.00. D) $56.00.
If the dividend relevance theory is valid, which of the following statements must be correct?
A. Stockholders who prefer to earn capital gains on their investments rather than to receive dividends are not concerned with whether a firm pays dividends because such decisions do not affect the market price of its stock. B. Stockholders who prefer to receive annual dividends rather than to earn capital gains on their investments are not concerned with whether a firm invests in acceptable capital budgeting projects because such decisions do not affect the annual income generated by the firm, and thus the dividends that are paid. C. If most of the stockholders of a firm prefer to receive current income rather than to earn capital gains on their investments, the firm can reduce its required return on equity by increasing the dividend payout. D. Stockholders who prefer to earn capital gains on their investments would like the firm to retain and reinvest any free cash flows that it generates. E. A retired individual is more likely to invest in the stock of a company to earn capital gains than to get paid dividends.
The production for a new product follows:
Month Units 1 4 2 5 3 6 4 7 The first unit will take 2,000 hours to produce and the learning rate is 90 percent. Currently, the company employs 40 workers, who each work 200 hours regular time per month. In which months will overtime be needed for the production schedule shown? Refer to the copy of Table I.1 appended to this exam. A) month 4 only B) months 3 and 4 only C) months 1 and 2 only D) month 1 only